Allete Inc (ALE)

Receivables turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Revenue (ttm)	US$ in thousands	1,529,800	1,567,700	1,539,300	1,718,200	1,879,800	1,902,900	1,912,400	1,752,100	1,570,700	1,543,900	1,501,000	1,463,500	1,419,200	1,340,600	1,289,100	1,196,700	1,169,100	1,153,300	1,147,700	1,194,900
Receivables	US$ in thousands	175,300	136,800	133,000	142,200	161,000	119,600	123,200	120,300	167,100	120,500	116,200	118,400	148,400	110,200	105,200	113,500	132,800	92,000	85,800	99,400
Receivables turnover		8.73	11.46	11.57	12.08	11.68	15.91	15.52	14.56	9.40	12.81	12.92	12.36	9.56	12.17	12.25	10.54	8.80	12.54	13.38	12.02

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,529,800K ÷ $175,300K
= 8.73

The receivables turnover ratio for Allete Inc has shown some fluctuations over the past few years. The ratio indicates how efficiently the company is collecting its accounts receivable during a specific period. A higher turnover ratio suggests that the company is collecting its receivables more quickly.

Looking at the data provided:
- The receivables turnover ratio for Allete Inc ranged from a low of 8.80 on December 31, 2020, to a high of 15.91 on September 30, 2023.
- Generally, the company's receivables turnover ratio has been relatively stable, with some variations seen in different quarters.
- An upward trend in the ratio was observed in the quarters from March 31, 2023, to September 30, 2023, indicating an improvement in the efficiency of receivables collection during that period.
- However, there was a slight decrease in the ratio towards the end of the period, with a ratio of 8.73 on December 31, 2024, showing a potential slowdown in receivables collection efficiency.

Overall, Allete Inc's receivables turnover ratio has generally been within a reasonable range, but monitoring any fluctuations in the ratio is important to assess the company's ability to efficiently manage its accounts receivable.